Palava Phase 2 is not a locality Lodha entered after it was established elsewhere; it is land the developer assembled and planned itself. Developed by the Lodha Group, Palava City spans approximately 5,000 acres and is strategically located between Thane, Navi Mumbai, and Kalyan. The township was established in 2009 and had a population of roughly 200,000 by 2023. Phase 2 is one of the working neighbourhoods within that larger plan, and it is here that Lodha has placed Casa Olivia, its current residential offering on Central Avenue.
The company behind this scale is not a recent entrant to Indian real estate. The foundation was laid by Mangal Prabhat Lodha in 1980, and the business now trades as Macrotech Developers. Incorporated in 1995, Macrotech Developers, formerly known as Lodha Developers, is the largest real estate developer in India. It listed on the stock exchanges in 2021, and as of FY24, MDL has over 85 million square feet of developed properties, mostly within the Mumbai Metropolitan Region, with a presence in MMR, Pune and Bengaluru, which it entered in November 2023. Palava itself has drawn institutional capital alongside Lodha's own investment, including a 2019 commitment of ₹500 crore from Piramal Enterprises and Ivanhoé Cambridge toward the township's development.
Casa Olivia by Lodha is located on Central Avenue, Phase 2, Palava, an exclusive 3-bed tower just 5 minutes from Kalyan-Shil Road. The project sits inside the Antarli pocket of Phase 2, at pin code 421204. It is an under-construction project with possession scheduled for 2027, and flats start from ₹1.08 crore. Every unit is designed around a private outdoor space: residents can enjoy sweeping views of lakes accompanied by lush greens from the deck of flats in Casa Olivia.
Casa Olivia does not stand alone; it is part of a cluster of Lodha addresses built up over successive phases. The neighbourhood surrounding it includes premium developments like Lodha Serenity, Lodha Trinity, and Lodha Villa Royale. Within the project, amenities include a clubhouse, kid's play area, and a congregation lawn, among others. Residents also get access to a retail high-street, a temple, and full sports facilities, all built to the same specification Lodha applies across Palava's other clusters.
Phase 2's value to a buyer is tied directly to how Lodha has sequenced the township's infrastructure around it. Shopping, retail, clubhouse and sports facilities sit in close proximity, with schools, offices, open greens and gardens within a 10-minute walking distance. The Xperia Mall is within walking distance of many clusters in Palava, with residents able to reach it via the internal bus service, and it functions as the only Grade A retail space between Thane and Navi Mumbai, catering to the retail needs of the Kalyan and Dombivli catchment.
Healthcare has followed the same pattern of in-township build-out. Palava currently offers Healthspring clinics, 24x7 ERT presence and pharmacies within the township, super-speciality hospitals such as Apollo in Belapur, Jupiter in Thane and Fortis in Vashi within a 30-45 minute radius, and a 500-bed Jupiter Hospital scheduled to open on Kalyan Shil Road by the end of 2026. On the sporting side, the Olympic Sports Centre includes a 50-metre swimming pool built to Olympic standards, three badminton courts, six squash courts, five tennis courts and professional coaching infrastructure. Education is similarly clustered close by: Palava runs five operational schools across boards, including Lodha World School and The Shriram Universal School.
Phase 2's road access already runs through Kalyan-Shil Road, but the more significant story for a long-term buyer is what is being added around it. The upcoming Airoli-Katai Tunnel Freeway Road will improve connectivity to Navi Mumbai, alongside the Virar-Alibaug multimodal corridor, Thane-Dombivli Link Road, and Kalyan-Taloja metro line. For daily commuters into Navi Mumbai's employment belt, the Airoli-Katai Naka Freeway will position developments in this stretch of Palava roughly 20 minutes from commercial hubs in Airoli and 30 minutes from Mulund. The under-construction bullet train corridor also passes near the township, with the National High Speed Rail Corporation casting concrete segments for a 21-km tunnel connecting Mumbai to Ahmedabad between Bandra Kurla Complex and Shilphata. Rail access into the existing suburban network runs via Dombivli and Nilje stations, and the Navi Mumbai International Airport is roughly a 30-minute drive from the township's centre, per Lodha's own township planning documents.
Third-party listing platforms place entry pricing for Lodha's Olivia-branded towers in Phase 2 in a fairly tight band, generally between roughly ₹87 lakh and ₹1.12 crore for 3 BHK configurations, with price per square foot starting around ₹11,000. One tracked micro-market within Palava, Khoni Gaon Naka in Dombivli, has shown property prices rising 16.5% over the period 2021 to 2025, consistent with Phase 2's transition from an emerging pocket to an established address inside the township. Company-wide, this reflects a broader growth pattern: Macrotech Developers registered a 20% growth in sale bookings to a record ₹14,520 crore in FY24, with guidance of 21% annual growth to ₹17,500 crore for the following fiscal.
Palava is one part of a larger portfolio Lodha has built across the Thane belt. Its affordable and mid-income housing projects in the region include Upper Thane, Amara, Lodha Sterling, Lodha Luxuria, Crown Thane, and Lodha Splendora, alongside Palava itself. That spread of projects across price points and locations within the same district is part of why Phase 2 functions less as an isolated pocket and more as one node in a developer-run ecosystem, with shared infrastructure, schools, and retail serving buyers across multiple Lodha addresses in the area.
